B. Riley Financial (NASDAQ:RILY) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of B. Riley Financial (NASDAQ:RILY) to a sell rating in a research note issued to investors on Wednesday morning.

B. Riley Financial Price Performance

NASDAQ RILY opened at $4.85 on Wednesday. B. Riley Financial has a 1 year low of $4.07 and a 1 year high of $40.09. The business’s fifty day moving average is $5.35 and its two-hundred day moving average is $9.51. The stock has a market capitalization of $146.93 million, a P/E ratio of -0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 13.99, a quick ratio of 4.88 and a current ratio of 4.88.

Hedge Funds Weigh In On B. Riley Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in B. Riley Financial during the 3rd quarter worth about $100,000. XTX Topco Ltd increased its position in shares of B. Riley Financial by 72.9% in the third quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager’s stock worth $177,000 after acquiring an additional 14,232 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of B. Riley Financial in the third quarter worth approximately $70,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of B. Riley Financial during the third quarter valued at approximately $29,000. Finally, BNP Paribas Financial Markets lifted its position in shares of B. Riley Financial by 136.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock valued at $114,000 after acquiring an additional 12,557 shares in the last quarter. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.